David W. Hult is the CEO of Asbury Automotive Group, leading the company since January 2018. With a solid background in the automotive field, Hult has focused on driving the company forward through strategic growth and performance metrics. In 2022,...
David W. Hult is the CEO of Asbury Automotive Group, leading the company since January 2018. With a solid background in the automotive field, Hult has focused on driving the company forward through strategic growth and performance metrics. In 2022, his total compensation was around $8.6 million, which included a salary of approximately $1.3 million and a significant portion from vested stock awards. His leadership emphasizes aligning executive pay with company performance, ensuring that he and the team are rewarded based on how well the company does. Under his watch, the company has negotiated various benefits for executives, including cash allowances for vehicles, which is common in the auto industry. Notably, Hult's strong performance resulted in a payout of performance shares based on metrics evaluating growth and profitability. With an employment agreement that secures his role until at least the end of 2023, he's positioned Asbury for continued success. Hult was born in 1966 and holds a bachelor's degree, which underpins his experience in this competitive sector. This combination of education and practical experience helps him make informed decisions that drive results at Asbury.